Chandler Act

Chandler Act
An amendatory act approved by the President on June 22, 1938 and effective September 22, 1938, intended to modernize the law of bankruptcy, especially by adding provisions whereby debtors might be rehabilitated in their fortunes without the necessity of a complete liquidation of their assets. 9 Am J2d Bankr § 2.

Ballentine's law dictionary. . 1998.

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  • Chandler Act — Federal act of 1938 making major amendments to Bankruptcy Act (11 U.S.C.A.). Included in amendments was provision for a debtor to arrange payments with creditors without total liquidation of debtor s assets. See Bankruptcy Code …   Black's law dictionary

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  • Bankruptcy Act — A national bankruptcy act. There have been four of such acts in the United States, effective respectively in 1800, 1841, 1867, and 1898. The last of these is the present Bankruptcy Act, although some have regarded the Amendatory Act of 1938,… …   Ballentine's law dictionary

  • Bankruptcy Act of 1933 — a statutory expansion of reorganization for companies Section 77. The Bankruptcy Act of 1933 and the Bankruptcy Act of 1934 were superseded by the Chandler Act of 1938 (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

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